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Sold on 02 Aug 2024 for $2,000,000

112 Stanleys Road
Red Hill South VIC 3937

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 45700m2
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Property Details for 112 Stanleys Rd, Red Hill South

Building Type
Commercial
Land Size
45700m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP89864

Last Listing description (August 2024)

This 10-acre piece of land is in the middle of wine country, surrounded by vineyards, horse-riding trails, and beautiful nature reserves. It's a short drive to the stunning 40km coastline with amazing beaches and surf breaks in Western Port. The vacant allotment in Red Hill South offers various possibilities.

It's only three minutes from the village, and you can use the land for a hobby farm, breeding horses, planting vines, or anything else you have in mind. The cleared parcel comes with wind breaks, service connections at the road, and dams, ready for you to bring your vision to life.

The property is in a peaceful location with mature boundary trees and a Merricks Creek tributary. It's a short drive to Merricks General Wine Store, Red Hill Consolidated School, the Red Hill Rail Trail, Balnarring village, Merricks Yacht Club, and the Point Leo breakers. Safety Beach and Martha Cove Marina are just 10 minutes in the other direction.

This is a rare chance to own a private piece of land in one of the most coveted areas on the Mornington Peninsula. The location is filled with exclusive accommodations, day spas, and award-winning culinary destinations like Red Hill Estate, Foxeys, and Ten Minutes by Tractor. If you're a lifestyle enthusiast, here's your opportunity to create a dreamy Red Hill retreat, just an hour away from Melbourne.

Homes and Acreage is proud to be offering this property for sale To arrange an inspection or for further information, please contact the office on 1300 077 557 or office@homesacreage.com.au

Property History for 112 Stanleys Rd, Red Hill South, VIC 3937

A timeline of how this property has performed in the market
Last Sold
$2,000,000
02 Aug 2024
  • 05 Mar 2024
    Listed for Sale $2,000,000-$2,200,000
  • 26 Jun 2023
    Sold for $2,000,000
  • 26 Jun 2023
    Sold for $2,100,000
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About Red Hill South 3937

The size of Red Hill South is approximately 15.2 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Red Hill South in 2011 was 1,171 people. By 2016 the population was 614 showing a population decline of 47.6% in the area during that time. The predominant age group in Red Hill South is 50-59 years. Households in Red Hill South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill South work in a professional occupation. In 2011, 84.1% of the homes in Red Hill South were owner-occupied compared with 91.5% in 2016.

Red Hill South has 458 properties. Over the last 5 years, Houses in Red Hill South have seen a 44.21% increase in median value, while Units have seen a 149.47% increase. As at 30 September 2024:

  • The median value for Houses in Red Hill South is $3,199,649 while the median value for Units is $1,353,012.
  • Houses have a median rent of $672.
There are currently 2 properties listed for sale, and no properties listed for rent in Red hill south on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Red hill south.

Suburb Insights for Red Hill South 3937

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.